HMRC manual changes: 20 September 2024

Direct taxes

Manual	Page	Comments
Corporate Finance Manual	New: CFM98485	This new page relates to the administrative rules facilitating compliance with the Corporate Interest Restriction (CIR) legislation which are built around an interest restriction return for a period of account of a worldwide group being submitted by its reporting company. The new page indicates that groups and their agents should have processes in place to ensure that a reporting company has been appointed. HMRC will only appoint a reporting company on behalf of the group in exceptional circumstances. Examples of circumstances HMRC would normally accept are exceptional (as well as examples of unexceptional circumstances) are set out in the guidance.
Creative Industries Expenditure Credit Manual	Added: CREC030000-CREC039000	A new chapter...

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Direct taxes

Manual	Page	Comments
Corporate Finance Manual	New: CFM98485	This new page relates to the administrative rules facilitating compliance with the Corporate Interest Restriction (CIR) legislation which are built around an interest restriction return for a period of account of a worldwide group being submitted by its reporting company. The new page indicates that groups and their agents should have processes in place to ensure that a reporting company has been appointed. HMRC will only appoint a reporting company on behalf of the group in exceptional circumstances. Examples of circumstances HMRC would normally accept are exceptional (as well as examples of unexceptional circumstances) are set out in the guidance.
Creative Industries Expenditure Credit Manual	Added: CREC030000-CREC039000	A new chapter...